Morgan Stanley is leading the initial public offering of Assurant, the US insurance unit of Fortis, the Dutch-Belgian financial services group, in what could be the largest US IPO in the sector for two years.

Merrill Lynch and Credit Suisse First Boston (CSFB) are also leading the deal, according to a filing with the US Securities and Exchange Commission (SEC).

Shanny Basar

JP Morgan

Morgan Stanley

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Homegrown names such as Laopu, Mao Geping and Songmont are winning over customers who are losing their taste for high-end Western brands.

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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Many in the Gen Z generation missed out on critical experiences during the pandemic. Bosses should be filling in those gaps.

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The lender forecast total income excluding notable items to exceed $21.61 billion as loan growth and structural hedges continue to mitigate the impact of interest-rate cuts.

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The leaders of America’s chip giants cheered the president’s artificial intelligence orders, which could help boost the domestic semiconductor industry.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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CME Group’s second-quarter earnings and revenue rose sharply as the derivatives-exchange operator benefited from a surge in trading activity due to market volatility.

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The Italian bank lifted earnings and shareholder-distributions guidance after reporting better-than-expected profit, looking to turn the page on its aborted takeover bid for its smaller peer.

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U.S. stock futures pointed to a flat open after a mixed session on Wall Street Monday, while international equity markets were also mixed so far Tuesday as earnings season sweeps into full gear.

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Morgan Stanley leads US IPO for Fortis

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